3 Stocks Boosting The Real Estate Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Hercules Technology Growth Capital ( HTGC), up 6.0%, Washington REIT ( WRE), up 2.7%, Corrections Corporation of America ( CXW), up 2.6%, Realogy Holdings ( RLGY), up 1.3% and Howard Hughes ( HHC), up 1.2%. On the negative front, top decliners within the industry include St. Joe Corporation ( JOE), down 1.6%, Icahn ( IEP), down 1.3%, CommonWealth REIT ( CWH), down 1.3%, CoStar Group ( CSGP), down 0.9% and Duke Realty ( DRE), down 0.8%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. CBRE Group ( CBG) is one of the companies pushing the Real Estate industry higher today. As of noon trading, CBRE Group is up $0.16 (0.6%) to $27.81 on light volume. Thus far, 492,287 shares of CBRE Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $27.57-$27.85 after having opened the day at $27.65 as compared to the previous trading day's close of $27.65.

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. CBRE Group has a market cap of $9.1 billion and is part of the financial sector. Shares are up 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate CBRE Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CBRE Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CBRE Group Ratings Report now.

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